Cashing In on Diebold's Growth

A new CEO sees sunny skies for the No.2 ATM maker, which is benefiting from an industry upgrade cycle and rapid international growth. A dividend to die for.

Diebold, best known as a maker of automatic teller machines, has had a tough couple of quarters. Earnings are in a slump, and the company's shares (ticker: DBD) have underperformed. Yet Andy Mattes, whose résumé includes senior positions at Hewlett-Packard (HPQ) and Siemens (SI), recently agreed to move from California to Canton, Ohio, to help turn the company around. "We have a lot of upside," Mattes, 52, told Barron's after joining Diebold as CEO earlier this month.